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6516 Park Lane

6516 Park Lane, Cincinnati, OH 45227
Property in Mariemont
Sold Jun 14, 2021
$565,000
$452,000 by Guaranteed Rate Inc
Mortgage Due Jul 01, 2051
Sold Jul 05, 2013
$422,000
$337,600 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2043
6516 Park Lane has been categorized by the local assessors in Cincinnati, OH as a residential type of property. The building on the property was first built in 1931 and is 93 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 6516 Park Lane has 2,673 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,471 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 8,189 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. The garage measured 200 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing baseboard heaters and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 6516 Park Lane was last sold in Jun 3, 2021 for $565,000. According to our calculations, that's $127.94 per sqft. Prior to that sales transaction, the property was sold for $422,000 in Jun 25, 2013. Current property owners are expected to pay $12,550 in taxes per year. The property on 6516 Park Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $197,751. To break that down further, the land itself was valued at $84,305. While improvements to the property were assessed at a total of $113,446. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Masonry
  • Building Style: Conventional
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,743
  • Garage Type: Underground/basement
  • Garage Square Area: 200
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,189
  • Lot Size Depth Feet: 1,471
  • Lot Size Frontage Feet: 600
  • Total Building Area: 4,416
  • Gross Building Area: 4,416
  • Building Area: 2,673
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Baseboard
  • Heated Square Feet: 2,673
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TOWN MARIEMONT
  • Land Acres: 0.188
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • State Land Use Code: Vehicles general
  • Legal Description 1: 6516 PARK LN 60 X 147.13 IRR PTS LOTS 10-11 BLK 17TOWN OF MARIEMONT PARS 260-261 CONS

Ownership

  • Current Owner : PALMER MICHAEL
  • Current Owner 2: PALMER JOCELYN
  • Previous Owner : HOBART SCOTT B
  • Previous Owner 2: HOBART HEATHER L
  • Owner Before Previous Owner: STRICKER RONALD
  • Owner Before Previous Owner 2: STRICKER ERIN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Right of Survivorship

Neighborhood

  • School District Name: Mariemont City School District
  • School Tax School District: MARIEMONT CSD
  • Census Tract: 024800

Geography

  • Parcel: 527-0040-0260-00
  • Block: 17
  • Lot: 10-11
  • Municipality: MARIEMONT
  • Latitude: 39.1435
  • Longitude: -84.3842

    Address

  • Full Address: 6516 Park Ln
  • Address - House Number: 6516
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: OH
  • City Name: Cincinnati
  • Carrier Code: C022
  • 4-Digit Zip Code: 4204
  • Zip Code: 45227

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,550
  • Tax Rate Code Area: 106

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 67
  • Final Value: 656,536
  • High Value: 809,560
  • Low Value: 503,511

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $599,600
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jun 14, 2021
  • First Open Lien Mortgage Loan Amount: $452,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051
  • Second Open Lien Mortgage Lender: FIFTH THIRD BANK NA
  • Second Open Lien Mortgage Recording Date: Oct 16, 2023
  • Second Open Lien Mortgage Loan Amount: $147,600
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Sep 25, 2053

    Market Valuation

  • Market Total Value: $565,000
  • Market Land Value: $240,870
  • Market Improvement Value: $324,130

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $197,751
  • Assessed Land Value: $84,305
  • Assessed Improvements Value: $113,446

    Sales

  • Current Sale Contract Date: Jun 03, 2021
  • Current Sale Recording Date: Jun 14, 2021
  • Current Sale Transaction ID: 11843168020
  • Current Sale Price: $565,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-0072720
  • Previous Sale Recording Date: Jul 05, 2013
  • Previous Sale Contract Date: Jun 25, 2013
  • Previous Sale Amount: $422,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jun 14, 2021
  • First Mortgage Loan Amount: $452,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Jul 05, 2013
  • Previous Mortgage Loan Amount: $337,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2043

About Mariemont



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Frequently Asked Questions

What neighborhood is 6516 Park Lane located in?
The 6516 Park Lane is a located in the neighborhood of Mariemont in Mariemont, Cincinnati.
What is the average sales price for listings in 6516 Park Lane?
The average sales price for units in 6516 Park Lane is $0 currently.

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